Document and Entity Information
Document and Entity Information - shares | 6 Months Ended | |
Sep. 30, 2019 | Nov. 08, 2019 | |
Document And Entity Information | ||
Entity Registrant Name | FCCC INC | |
Entity Central Index Key | 0000730669 | |
Document Type | 10-Q | |
Amendment Flag | false | |
Current Fiscal Year End Date | --03-31 | |
Entity Small Business | true | |
Entity Shell Company | true | |
Entity Emerging Growth Company | false | |
Entity Current Reporting Status | Yes | |
Document Period End Date | Sep. 30, 2019 | |
Entity Filer Category | Non-accelerated Filer | |
Document Fiscal Period Focus | Q2 | |
Document Fiscal Year Focus | 2019 | |
Entity Common Stock Shares Outstanding | 3,461,022 |
CONDENSED BALANCE SHEETS
CONDENSED BALANCE SHEETS - USD ($) $ in Thousands | Sep. 30, 2019 | Mar. 31, 2019 |
Current Assets: | ||
Cash and cash equivalents | $ 82 | $ 120 |
Prepaid expense | 10 | 3 |
Total current assets | 92 | 123 |
TOTAL ASSETS | 92 | 123 |
Current liabilities: | ||
Accounts payable and other accrued expenses | 3 | 8 |
Total current liabilities | 3 | 8 |
TOTAL LIABILITIES | 3 | 8 |
Stockholders' equity: | ||
Common stock, no par value, 22,000,000 shares authorized, 3,461,022 issued and outstanding at September 30, 2019 and at March 31, 2019 | 800 | 800 |
Additional paid-in capital | 8,396 | 8,396 |
Accumulated deficit | (9,107) | (9,081) |
Total stockholders' equity | 89 | 115 |
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY | $ 92 | $ 123 |
CONDENSED BALANCE SHEETS (Paren
CONDENSED BALANCE SHEETS (Parenthetical) - $ / shares | Sep. 30, 2019 | Mar. 31, 2019 |
Stockholders' equity | ||
Common stock, shares par value | $ 0 | $ 0 |
Common stock, shares authorized | 22,000,000 | 22,000,000 |
Common stock, shares issued | 3,461,022 | 3,461,022 |
Common stock, shares outstanding | 3,461,022 | 3,461,022 |
CONDENSED STATEMENTS OF OPERATI
CONDENSED STATEMENTS OF OPERATIONS (UNAUDITED) - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | ||
Sep. 30, 2019 | Sep. 30, 2018 | Sep. 30, 2019 | Sep. 30, 2018 | |
Income | ||||
Interest income | ||||
Total income | ||||
Expenses: | ||||
Operating and administrative expenses | 10 | 11 | 1 | |
Total expenses | 10 | 11 | 26 | 27 |
Loss before income taxes | (10) | (11) | (26) | (27) |
Income tax expense | ||||
Net Loss | $ (10) | $ (11) | $ (26) | $ (27) |
Basic and diluted loss per share | $ (0.003) | $ (0.003) | $ (0.01) | $ (0.01) |
Weighted average common shares outstanding | ||||
Basic and diluted | 3,461,022 | 3,461,022 | 3,461,022 | 3,461,022 |
CONDENSED STATEMENTS OF CASH FL
CONDENSED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($) $ in Thousands | 6 Months Ended | |
Sep. 30, 2019 | Sep. 30, 2018 | |
Cash Flows from Operating Activities | ||
Net loss | $ (26) | $ (27) |
Changes in assets and liabilities | ||
Increase in prepaid expenses | (7) | (6) |
Decrease in accounts payable and accrued expenses | (5) | (16) |
Net cash used in operating activities | (38) | (49) |
Net decrease in cash | (38) | (49) |
Cash at the beginning of the period | 120 | 188 |
Cash at the end of the period | $ 82 | $ 139 |
CONDENSED STATEMENT OF CHANGES
CONDENSED STATEMENT OF CHANGES IN STOCKHOLDERS EQUITY (UNAUDITED) - 6 months ended Sep. 30, 2019 - USD ($) $ in Thousands | Total | Common Stock [Member] | Additional Paid-in Capital [Member] | Accumulated Deficit [Member] |
Balance, shares at Apr. 01, 2019 | 3,461,022 | |||
Balance, amount at Apr. 01, 2019 | $ 115 | $ 800 | $ 8,396 | $ (9,081) |
Net Income (Loss) | $ (26) | $ (26) | ||
Balance, shares at Sep. 30, 2019 | 3,461,022 | |||
Balance, amount at Sep. 30, 2019 | $ 89 | $ 800 | $ 8,396 | $ (9,107) |
BASIS OF PRESENTATION
BASIS OF PRESENTATION | 6 Months Ended |
Sep. 30, 2019 | |
BASIS OF PRESENTATION | |
NOTE 1 - BASIS OF PRESENTATION | The accompanying unaudited condensed financial statements of FCCC, Inc. (the “Company”), have been prepared in accordance with accounting principles generally accepted in the United States of America (“GAAP”) for interim financial information and with the instructions to Form 10-Q and Regulation S-X, promulgated by the Securities and Exchange Commission. Accordingly, they do not include all of the information and notes required by GAAP for complete financial statements. In the opinion of management, all adjustments (consisting of normal recurring accruals) considered necessary for a fair representation have been included herein. Operating results are not necessarily indicative of the results which may be expected for the year ending March 31, 2020 or other future periods. For further information, refer to the financial statements and notes thereto included in our Annual Report on Form 10-K for the fiscal year ended March 31, 2019. |
RELATED PARTY TRANSACTIONS
RELATED PARTY TRANSACTIONS | 6 Months Ended |
Sep. 30, 2019 | |
RELATED PARTY TRANSACTIONS | |
NOTE 2 - RELATED PARTY TRANSACTIONS | None. |
EARNINGS PER SHARE
EARNINGS PER SHARE | 6 Months Ended |
Sep. 30, 2019 | |
EARNINGS PER SHARE | |
NOTE 3 - EARNINGS PER SHARE | The Company follows FASB ASC 260, Earnings Per Share Basic and diluted loss per common share was calculated using the following number of shares for the three months ended September 30, 2019 and September 30, 2018: 2019 2018 Weighted average number of common shares outstanding (basic and diluted) 3,461,022 3,461,022 |
EARNINGS PER SHARE (Tables)
EARNINGS PER SHARE (Tables) | 6 Months Ended |
Sep. 30, 2019 | |
EARNINGS PER SHARE (Tables) | |
Schedule of earnings per share basic and diluted | 2019 2018 Weighted average number of common shares outstanding (basic and diluted) 3,461,022 3,461,022 |
EARNINGS PER SHARE (Details)
EARNINGS PER SHARE (Details) - shares | 3 Months Ended | |
Sep. 30, 2019 | Sep. 30, 2018 | |
EARNINGS PER SHARE | ||
Weighted average number of common shares outstanding (basic and diluted) | 3,461,022 | 3,461,022 |